Repurchased $3,000,000 8%, 5-year bonds on January 1, 2002 pements we be received on June 30th and December 3 The bonds were purchased for $3,124,740 at an effective interest rate of 7% Assume fer desses these bonds as Available For Sale and uses the effective interest method to notice pros and dont Al June 30, 2022 Jend of the first interest payment period Romer's Jestnal entry wit include a Oa Debit Available For Sale Debt Secunters Noe $10.834 Os Credt to Premum on Bonds Receivati for $10,634 Oc Credit Imrest Revenue for $120,000 Oa Gred to Aviatie For Sale Debt Secures for $10,034 Debit to Premium on Bonds Receivable for $100306